The PSE makes no representation on the accuracy, validity, correctness and completeness of the information stated in the respective PORs of listed companies. The PSE shall use the information contained in the POR submitted by the company in computing a company's weight in the index and this may be updated or adjusted consistent with the policy of the Exchange in managing the PSEi and sector indices.

Max's Group, Inc.MAXS

PSE Disclosure Form POR-1 - Public Ownership Report Reference: Amended Rule on Minimum Public Ownership

Report Type

• Monthly
• Quarterly
• Others

Report Date	Dec 31, 2025

Computation of Public Ownership

Number of Issued Common Shares	1,087,082,024
Less: Number of Treasury Common Shares, if any	50,667,400
Number of Outstanding Common Shares	1,036,414,624

Less :

A. Directors

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Sharon T. Fuentebella	28,162,335	0	28,162,335	2.72
Robert Ramon F. Trota	33,906,034	0	33,906,034	3.27
Cristina T. Garcia	33,292,714	0	33,292,714	3.21
Jim T. Fuentebella	28,162,335	0	28,162,335	2.72
Dave T. Fuentebella	27,593,305	0	27,593,305	2.66
Carolyn T. Salud	32,212,460	0	32,212,460	3.11
William E. Rodgers	15,262,390	0	15,262,390	1.47
Christopher P. Tanco	23,902	0	23,902	0
Elizabeth V. Pardo-Orbeta	30,000	0	30,000	0
	198,645,475	0	198,645,475	19.16

B. Officers

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Ma. Alicia G. Picazo-San Juan	0	0	0	0
Carmen-Rose A. Basallo	0	0	0	0
Diane L. Yanzon	0	0	0	0
	0	0	0	0

C. Principal/Substantial Stockholders

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Trofi Ventures Corporation	82,021,794	0	82,021,794	7.91
Other Affiliates	91,029,017	0	91,029,017	8.78
	173,050,811	0	173,050,811	16.69

D. Affiliates

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Max's Kitchen, Inc.	101,173,438	0	101,173,438	9.76
The Real American Doughnut Company, Inc.	81,543,725	0	81,543,725	7.87
Max's Bakeshop, Inc.	47,639,861	0	47,639,861	4.6
No Bia, Inc.	27,521,022	0	27,521,022	2.66
	257,878,046	0	257,878,046	24.89

E. Government

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

F. Banks

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

G. Employees

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

H. Lock-Up Shares

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

I. Others

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Various Shareholders	140,368,305	0	140,368,305	13.53
	140,368,305	0	140,368,305	13.53

Number of Listed Common Shares	1,087,082,024
Total Number of Non-Public Shares	769,942,637
Total Number of Shares Owned by the Public	266,471,987
Public Ownership Percentage	25.71

Other Relevant Information
None.